Host Hotels Europe JV buys five hotels for $572 mln

Mon Dec 3, 2012 7:55pm IST

Stocks

   

Dec 3 (Reuters) - Host Hotels and Resorts said its European joint venture bought five hotels in Paris and Amsterdam from Goldman Sachs' Whitehall unit for about 440 million euros ($572.26 million).

Host Hotels, which holds 33.4 percent stake in the joint venture, said in a statement that the deal was partially funded by a 250 million euro loan.

The five properties include Paris Marriott Rive Gauche Hotel & Conference Center, Renaissance Amsterdam Hotel, Renaissance Paris La Defense Hotel, Renaissance Paris Vendome Hotel and Courtyard Paris La Defense West - Colombes.

Marriott International had sold three of these hotels to indirect subsidiaries of Whitehall Street Global Real Estate Limited Partnership 2005 in 2006. ()

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared
Sensex surges over 300 points on energy reforms, state elections

Sensex surges over 300 points on energy reforms, state elections

The BSE Sensex surges over 300 points and the Nifty gains nearly 100 points after the government's energy reforms lead to a rally in energy firms, while wins by Prime Minister Narendra Modi's party in two state elections raise expectations for additional reforms.  Full Article 

REUTERS SHOWCASE

Indian State Media

Indian State Media

Controlling the message: Modi chooses state media  Full Article 

ONGC Stake

ONGC Stake

Govt meeting bankers to discuss share sale in ONGC - source  Full Article 

Gold Curbs

Gold Curbs

Finance Ministry wants to reimpose curbs on gold imports - ET  Full Article 

World Stocks

World Stocks

Shares advance on strong data, earnings  Full Article 

Eyeing Reebok

Eyeing Reebok

Investor group aims to buy Reebok unit - WSJ  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage